Cost of Living in Milton, IA
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
64.8
100 = national avg
-35.2 vs national average
Living Wage (1 Adult)
$28,507
per year
Living Wage (Family of 4)
$67,380
per year
Cost Index by Category
Housing48.1
Food82.0
Transportation64.0
Healthcare85.6
Utilities78.8
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$713
per month
2 Bedroom
$919
per month
The overall cost of living index in Milton is 64.8, which is 35.2% below the national average. Housing costs are below the national average at an index of 48.1. A single adult needs to earn approximately $28,507 per year to cover basic expenses.